Fetch.ai price prediction for today, February 20 – FET technical analysis

adminFebruary 21, 2024

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Fetch.ai price prediction shows that FET is steadily increasing above its moving average and reaching the resistance level of $0.87.

Fetch.AI (FET) is showing strong bullish signals and is targeting a 500% surge.

In the last 24 hours, FET has surged 12%, and over the past week it has gained an impressive 45%. The current trading momentum closely matches the excitement surrounding AI technology giant Nvidia. Fetch.AI is capitalizing on this heightened interest as Nvidia prepares to report its fourth quarter 2023 earnings, scheduled for February 21.

Fetch.ai predictive statistical data:

Current Fetch.ai price – $0.85
Fetch.ai market cap – $779.7 million
Fetch.ai Circulating Supply – 831.9 million
Fetch.ai total supply – 1.1 billion
Fetch.ai CoinMarketCap Ranking – 96th

FET/USD market

Main level:

Resistance levels: $1.10, $1.20, $1.30

Support levels: $0.60, $0.50, $0.40

Fetch.ai price prediction for today, February 20 – FET technical analysis — FETUSD – daily chart

FET/USD continues to head north as the price breaks above the $0.85 resistance level. A daily close above this level could push the coin price up to the $0.90 resistance level. However, traders should note that as bulls increase their positions, continued price increases may attract more buyers to the market.

Fetch.ai Price Prediction: FET/USD Begins to Move North

According to the daily chart, the Fetch.ai price appears to be heading to the upside as the coin has reached the daily high resistance level of $0.87. However, if Fetch price stays above the 9-day and 21-day moving averages, it is likely to cross the upper boundary of the channel. Meanwhile, the daily chart shows that the 9-day moving average remains above the 21-day moving average, confirming the presence of bullishness in the market.

Conversely, if bulls fail to push the coin higher, bears can take advantage and push the market price towards the lower boundary of the channel. However, the 9-day MA continues to hover above the 21-day MA and if Fetch price moves higher, it could cross the upper boundary of the channel and find resistance levels of $1.10, $1.20 and $1.30, but may slide downwards. You can take the price support levels of $0.60, $0.50, and $0.40.

FET/BTC looks for further profits

Compared to Bitcoin, Fetch price is hovering above the 9-day and 21-day moving averages towards the channel upper limit. However, further bullish movement above the channel is likely to reach resistance levels above 2000 SAT.

Conversely, if sellers take the market south, traders can expect a decline towards the lower boundary of the channel, which could break this barrier to find support below 1300 SAT. Meanwhile, the 9-day MA is above the 21-day MA, suggesting a more bullish signal for the coin.

@CryptoThannos informed his 56,000+ followers on X (formerly Twitter) that he had underestimated the rise of the emerging AI powerhouse! Even though the $FET rally is expected to taper off, it is forming a significant rounding bottom on the weekly chart, suggesting an increase of over 15x from current levels is possible. In my opinion, with FET already up 17x from its 2022 low, @CryptoWizardd and company are ready to take it to even higher levels!

I was really underestimating this up-and-coming AI overlord!
I thought about it $FET The rally is about to end, but it’s hitting a big round bottom on the weekly chart and a 15x rally or more seems easily possible from here.
FET has risen 17 times from its low point in 2022. @CryptoWizardd The family… https://t.co/8gVKAqad1A pic.twitter.com/qXQ8tvLCVT
— Crypto Thanos (@CryptoThannos) February 19, 2024

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